Sox Compliance Plan in Hospital Setting

Sox Compliance Plan in Hospital Setting Name Institutional Affiliation Sarbanes-Oxley (SOX) was an amendment act passed by the USA congressmen on 2002 in aid of the investor’s protection from financial frauds of their corporations. It is also known as the SOX Acts of 2002. Or the corporate responsibility Act of 20002. The act imposed a tough new penalty on the lawbreakers and a strict rule and regulations o n the already existing securities. Its act was introduced following the financial outrages in earlier 2000. Where the public trade companies like, WorldCom, Enron Corporation and Tyco international companies ware involved. This kind of the high-profile fraud discouraged the investors in trusting the corporate financial institutions as they were left demanding for a long-lasting regulatory standard for overhaul. CITATION Wil19 \l 1033 (Kenton, 2019) However, a compliance plan with the Sarbanes Oxley act in a hospital setting will ensure that I effectively implement my goals through selection of the appropriate methodology for the hospital settings to ensure that the hospital activities are legally and financially in line, as it is the key step of the process. I will make an inquiries and consultations through various stake holders ...